The S&P 500 is up 16.2% in 2025, marking the fourth consecutive year of annual gains. Stock valuations are high, but time in the market is crucial. Consider scaling back equity exposure or using options for exposure. Nine stocks spelling out “CHRISTMAS” show unusual option activity, providing long-term investment opportunities.

Carrier Global (CARR) stock is down over 21% in 2025, trading at a low level. Analysts like CARR stock, with a target price well above its current share price. Selling a call could double your money if the share price appreciates by 9.6%.

Hormel Foods (HRL) stock is down nearly 24% in 2025. EPS estimates show growth, and with a reasonable valuation, selling a call could lead to profits. Strong brands like Planters and Skippy provide a solid foundation for the company.

Robinhood Markets (HOOD) stock is up nearly 230% in 2025 due to revenue and profit growth. Analysts rate HOOD stock a Buy, with a target price significantly higher than the current share price. Selling a call could be a favorable risk/reward opportunity.

Intercontinental Exchange (ICE) stock has seen significant gains despite market corrections. A call option with a small outlay could lead to profits if the share price surpasses the breakeven point. ICE’s investment in Polymarket shows its interest in prediction markets.

SoFi Technologies (SOFI) stock is up 78% in 2025, driven by strong leadership and financial performance. Selling a call could generate a 50% return if the share price appreciates. Valuation concerns should not deter investors from considering SOFI’s growth potential.

TriplePoint Venture Growth BDC (TPVG) stock is down nearly 15% in 2025 due to private credit concerns. Investing in TPVG involves risk, but a contrarian bet could pay off in the long run. The company provides financing to high-growth ventures.

Micron Technology (MU) reported excellent Q1 2026 earnings, leading to a surge in its stock price. Analysts are optimistic about MU’s future revenue growth. Buying calls before earnings could have been profitable, but a long-term hold could still yield returns.

Apple (AAPL) stock has underperformed but could see upside with higher earnings estimates and a potential CEO transition. Selling a call with a low ask price could lead to profits. Analysts have a mixed view on AAPL, with a modest target price increase.

Starbucks (SBUX) call options provide a longer-term investment opportunity. Analysts are cautious about SBUX stock, but there are signs of a turnaround. Selling a call with a high ask price could lead to profits if the company’s efforts pay off.

Read more at Barchart: Have a MERRY Christmas With These 9 Unusually Active Options